Sell Nifty 17 NOV 18400 CE @ 33-35 Target 5 - Religare Broking
Derivative Ideas
Nifty shed 0.71% and closed at 18028.20 on 10th Nov. The index after opening negative witnessed further pressure. The move happened on the back of addition of Fresh Shorts in its FUTS and significant Call selling at 18100 and beyond strikes. We expect NIFTY to trade with negative bias in the short term in the range of 17800-18250 thus suggesting selling CE as per the given levels
Strategy:- SELL NIFTY 17 NOV 18400 CE @ 33-35, STOP LOSS 50, TARGET 5.
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